5512 Rumah Lelong Apartment / Condo · Bank Auction Properties
Explore bank auction apartments and condos in Kuala Lumpur and Selangor, where the urban pulse meets suburban convenience. This is a prime region for investors, first-home buyers, and upgraders, offering everything from high-rise city pads to sprawling condo communities. Bank auction properties often start with reserve prices 10-40% below market value, and units that have been passed in or relisted can be even cheaper, a smart way to unlock serious savings. The process is straightforward: register your interest, pay the 10% deposit, and bid on auction day. With a wide selection available, you can find a great deal without the usual market competition. Contact Peter Tan for auction dates, reserve prices, and guidance on the bidding process.
I-City
No. E-27-02, Hyde 2, Persiaran Multimedia, I-City, Seksyen 7, 40000 Shah Alam, Selangor
Saville
No. B-13-9, Saville, Jalan Kolam Air, 53100 Kuala Lumpur
Seasons Garden Residensi
No. C-15-9, Block C, Seasons Garden Residensi, Lot 7, No. 7, Jalan 1/27E, Seksyen 10, Wangsa Maju, 53300 Kuala Lumpur.
Mercu Kenwingston
No. A-41-06, Mercu Kenwingston, No. 81, Jalan Gombak, 53000 Kuala Lumpur
Mercu Kenwingston
No. A-17-01, Block A, Mercu Kenwingston (Kenwingston Platz @ KL North), No. 81, Jalan Gombak, 53000 Kuala Lumpur.
Westminster Park
No. D-20-9, Westminster Park, Sri Putramas Condominium, Jalan Putramas 1, Off Jalan Kuching, 51200 Kuala Lumpur
Plaza 393
No. C-7-11, (Developer Parcel No. C-07-05), Plaza 393 (Block C), Jalan Shelley, 55100 Kuala Lumpur
Ampang Putra Residensi
No. A-18-07, Ampang Putra Residensi, Jalan Ampang Putra 6, Taman Putra Sulaiman, 68000 Ampang, Selangor
D’Aman Residences
No. O-11-15, Block O, D’Aman Residences, Jalan Dagang Mas 5, Taman Mas, 47130 Puchong, Selangor
Tower A
No. A-33-03, Tower A, Aurora Residence, Jalan Pinggiran Prima 1, Taman Pinggiran Prima, 47150 Puchong, Selangor
Residensi Aurora
No. B-37-11, Residensi Aurora, Jalan Pinggiran Prima 1, Taman Pinggiran Prima, 47150 Puchong, Selangor
Residensi Estetika
No. B-34-05, Residensi Estetika, Jalan Dagang SB, The Mines Resort City, 43300 Seri Kembangan, Selangor
Lakefront Homes
No. T1-04-14, Lakefront Homes, Persiaran Sepang, Cyber 11, 63000 Cyberjaya, Selangor
Pusat Bandar Subang Utama
No. C-3-15, 3rd Floor, Block C, Pusat Bandar Subang Utama, Jalan K U6/K, Pekan Subang, Section U6, 40150 Shah Alam, Selangor
Pangsapuri Akasa
No. A-23-5, Pangsapuri Akasa, Jalan Akasa, Akasa Cheras Selatan, 43300 Seri Kembangan, Selangor
Metropolitan Square
No. C-05-02A, Block C, Metropolitan Square, No. 2, Jalan PJU 8/1, Bandar Damansara Perdana, 47820 Petaling Jaya, Selangor
Hill 10
No. H-39-11, Hill 10, 3, Persiaran Multimedia I-City, Seksyen 7, 40000 Shah Alam, Selangor
Residensi Cheras Selatan 2
No. C-13-3A, Block C, Residensi Cheras Selatan 2, Jalan Dataran Cheras 7, 43200 Cheras, Selangor
Vista Alam
No. S2-13A-3A, Vista Alam, Presint 4.5, Seksyen 14, 40000 Shah Alam, Selangor
Residensi Cheras Selatan 2
No. A-14-03A, Blok A, Residensi Cheras Selatan 2, Jalan Dataran Cheras 7, 43200 Cheras, Selangor
Mira @ Shorea Park Residence 1
No. B-12-15, Mira @ Shorea Park Residence 1, Jalan SP 1, Shorea Park, 47120 Puchong, Selangor
Residensi Suria
No. B-16-3A, Residensi Suria, Jalan Puchong Utama 2, Traman Puchong Utama, 47100 Puchong, Selangor
Lake Haven Residence
No. B-G-7, Blok B, Lake Haven Residence, Jalan Putra Perdana 14, Taman Putra Perdana, 47100 Puchong, Selangor
Lakefront Residence
No. T6-03-09, Lakefront Residence, Persiaran Semarak Api, Cyber 11, 63000 Cyberjaya, Selangor
How to Buy an Auction Property in Malaysia
- 1Shortlist properties
Browse auction listings in Malaysia, compare each reserve price against nearby market prices and note the discount. Unsold properties are re-auctioned at a lower reserve, typically dropping 10% per round.
- 2Do your due diligence
Get the Proclamation of Sale (POS), check the land title, quit rent and assessment, outstanding maintenance fees and utility bills, and whether the property is still occupied. For strata units, confirm who settles arrears with the management office.
- 3Arrange financing early
Most banks finance auction purchases, but the balance is due within 90 to 120 days of the auction. Get loan pre-approval before bidding so your deposit is never at risk of forfeiture.
- 4Register and pay the deposit
Register before auction day through the bank's e-Lelong portal or the licensed auctioneer, and prepare a bank draft of 5% to 10% of the reserve price as the deposit. Requirements vary slightly between banks and auction houses.
- 5Bid and complete
Bid on auction day. The winning bidder signs the memorandum of sale on the spot and settles the balance within 90 or 120 days as stated in the POS, after which the transfer is completed. An auction specialist can guide you through every step.
Reminder: auction properties are sold as-is and may come with arrears or occupants, so always complete due diligence first. Contact Peter Tan for free guidance through the whole process. Read the full buying guide →
FAQ · Apartment / Condo
How many auction properties are there in Malaysia?+
There are currently 5512 bank auction (lelong) properties in Malaysia, sourced from major banks and licensed auctioneers and updated regularly.
How much below market are auction properties in Malaysia?+
Reserve prices in Malaysia are typically 10-40% below market value, and drop roughly another 10% each time a property goes unsold.
Can I get a loan for a lelong property in Malaysia?+
Yes, most banks finance auction properties, but the balance is due within 90 to 120 days, so get loan pre-approval before bidding. Contact Peter Tan for details.
How much deposit do I need to bid in Malaysia?+
You typically need a bank draft of 5% to 10% of the reserve price as the deposit. After a successful bid, the balance is due within 90 to 120 days as stated in the Proclamation of Sale.
What are the risks of buying a lelong property in Malaysia?+
Auction properties are sold as-is and may carry outstanding maintenance fees, utility bills or occupants. Review the Proclamation of Sale and do a title search before bidding, or engage a specialist to assess it for you.